Home News  EFCC Seeks CBN’s Support in Fight Against Corruption

 EFCC Seeks CBN’s Support in Fight Against Corruption

by Armada News
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By Baron Ike

 

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has solicited the cooperation of the Central Bank of Nigeria (CBN) in the fight against corruption.

 

Magu did on Monday, September 2, noting that the apex bank’s strategic position in the financial sector makes the institution a necessary ally in the quest to rid Nigeria of all economic and financial crimes.

 

Represented by Usman Imam, head of Enugu office of the Commission, while receiving a delegation from the Enugu Branch of the apex bank led by the Controller,  Okonjo Chiedozie , Magu noted the difficulty encountered by the zone in keeping recovered funds in the CBN vault.

 

He recalled a particular incident in which a staff of the bank was unwilling to accept $2.8million from the Commission, insisting on being presented with a mandate authorizing the Commission to make such a deposit.

 

In a statement on Tuesday signed by the Heda, Medai and Publicity of EFCC, Wilson Uwujaren, the EFCC  boss called for understanding of the peculiar nature of the Commission’s operation in order to overcome current challenges and foster better working relationship between the two institutions.

 

“ The TSA makes it difficult to release recovered funds on bond as drafts raised often expire or funds cannot be released to individual account. I hope something would be done to facilitate the quick return of proceeds of crime to their rightfull owners and save EFCC the suspicion by the public, who might not appreciate these administrative bottlenecks,” he said.

 

Responding,  Chiedozie  assured  of CBN’s readiness  to collaborate with the EFCC even as he revealed that the challenge with the TSA was not peculiar to the agency.

                                             

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